XRP Price Action Improves After Clearing $2.15 Level

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XRP’s macro outlook remained bullish, with onchain data showing that a breakout was possible if key price support levels were reclaimed.

XRP price is up 12% since plunging below the $2 mark on Nov. 21, reclaiming some key support levels. Surging network activity and persistent institutional demand, coupled with reduced supply on exchanges, may lead to a sustained price recovery.

A surge in XRP ledger velocity and whale activity signals elevated network activity and demand.

A decrease in XRP supply on exchanges indicates strong accumulation by holders.

XRP price bulls look to establish strong support at $2.15 for the next leg up.

XRP Ledger velocity hits 2025 highs
XRP ledger’s velocity rose has seen a sudden spike, rising to a yearly high of 0.0324 on Wednesday, per data from CryptoQuant. 

Velocity is a metric used to determine the frequency of XRP’s circulation across the XRP Ledger over a given period.


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